Economic Confidence Improves But Still Negative

Gallup shows that Americans are more positive about the economy with an eight-point increase in this month’s Economic Confidence Index.  Unfortunately, the overall attitude is still negative as the index sits at -13. (Gallup)

The latest rating, from a Feb. 3-18 poll, comes after back-to-back declines in December and January that followed seven months of steady or slightly improved readings. Before that, the ECI fell sharply from +41 in February 2020 to +22 in the first half of March and then -33 in the latter half of April as the coronavirus pandemic caused an economic crisis in the U.S.